Nev. Rev. Stat. § 104.9206
This is the official text of Nev. Rev. Stat. § 104.9206, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Security interest arising in purchase or delivery of financial asset
Official statutory text
1. A security interest in favor of a securities intermediary attaches to a person's security entitlement if: (a) The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and (b) The securities intermediary credits the financial asset to the person’s securities account before he or she pays the securities intermediary.
2. The security interest described in subsection 1 secures the buyer's obligation to pay for the financial asset.
3. A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if: (a) The security or other financial asset: (1) In the ordinary course of business is transferred by delivery with any necessary endorsement or assignment; and (2) Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and (b) The agreement calls for delivery against payment.
4. The security interest described in subsection 3 secures the obligation to make payment for the delivery.
2. The security interest described in subsection 1 secures the buyer's obligation to pay for the financial asset.
3. A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if: (a) The security or other financial asset: (1) In the ordinary course of business is transferred by delivery with any necessary endorsement or assignment; and (2) Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and (b) The agreement calls for delivery against payment.
4. The security interest described in subsection 3 secures the obligation to make payment for the delivery.
Status: in_force · Read it on the official government site
Need a lawyer in Nevada?
Find a Nevada lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.